US-based sports equipment and apparel retailer Dick’s Sporting Goods disclosed a record-setting second quarter (Q2) 2025 with sales reaching $3.65bn, marking a 5% increase from the $3.47bn reported in the same period last year.
Comparable store sales mirrored this growth with a 5% rise.
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The company achieved a gross profit of $1.35bn, which represents 36.73% of its total sales.
Net income for the quarter ending 2 August 2025 stood at $381.40m, translating to $4.71 in earnings per diluted share, an uptick from the previous year’s $362.23m or $4.37 per share.
Dick’s Sporting Goods president and chief executive office Lauren Hobart said: “We are very pleased with our strong Q2 results. Our performance shows how well our long-term strategies are working, the strength and resilience of our operating model and the impact of our team’s consistent execution.
“Our Q2 comps increased 5.0%, with growth in average ticket and transactions, and we drove second quarter gross margin expansion. We are raising our full year 2025 outlook to reflect our strong Q2 results and the ongoing confidence we have in our business, grounded in our team’s execution of our strategic pillars.”
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By GlobalDataThe retailer has updated its 2025 profit guidance to account for existing tariffs.
However, the financial projections do not consider the effects of its impending $2.4bn acquisition of Foot Locker, which was announced in May, stated the company.
Dick’s Sporting Goods executive chairman Ed Stack said: “We remain very enthusiastic about the strategic benefits from the Foot Locker acquisition. As previously shared, Foot Locker shareholders approved the transaction. We have also received all required regulatory approvals, and we anticipate that the deal will close on 8 September.”
The retailer anticipates full year 2025 comparable store sales will increase by 2% to 3.5%.
The company has also revised its earnings per diluted share outlook upwards to a range of $13.90 to $14.50.
Projected net sales for Dick’s Sporting Goods are expected to land between $13.75bn and $13.95bn for the current fiscal year.
